A key selling point for gold IRAs is that you own the physical gold yourself. If that doesn’t matter to you, there are other ways to add exposure to precious metals to your retirement portfolio, such as buying stocks in gold mining companies. Or, if you have a traditional retirement savings account and want to increase your exposure to gold, read here how you can buy a gold ETF, an exchange-traded fund that tracks the performance of gold. Augusta advertises itself as “Your Leading Gold IRA Company” and promises to help its investors make smart financial decisions to help them prepare for retirement.
It would be less of a problem and perhaps more desirable if their gold IRA was just part of their overall retirement portfolio. Augusta’s two major drawbacks are its limited selection of metals and the high minimum investment requirements for setting up a gold IRA. To avoid the prospect of missing out on the rollover cutoff, many people choose to have their Gold IRA company coordinate the rollover through a direct transfer from institution to institution. Customers who buy gold and silver outside of an IRA will continue to receive advisory and administrative services from the firm.
Patriot Gold Group has a long track record of helping investors secure their financial future through gold IRAs, and has received high marks from consumer groups along the way. A gold IRA can give you the tax benefits of a traditional retirement account, but you must comply with IRS regulations or risk fines and penalties. For a gold IRA, you need a broker to buy the gold and a custodian to create and manage the account. While gold IRAs are not intended for paper stocks, they can hold stocks that are directly related to the mining and production of precious metals.
The members and staff of this team have years of experience dealing with gold IRAs and have valuable insights into new issues and trends surrounding the precious metals market, which can help clients make the right decisions at the right time. Whether someone has a 401 (k) plan, a TSP, a traditional IRA, or a 403 (b) plan, Goldco’s experts will guide them through the steps of transferring funds to a gold IRA so they can take advantage of the stability of gold and other precious metals. There are plenty of rules and regulatory hurdles that you’ll need to overcome if you’re thinking about buying a Gold IRA.